The UK Government is set to provide a £350m loan to Crossrail to complete its Elizabeth line, which will operate between Shenfield, Stratford and Abbey Wood through central London to Reading and Heathrow.

In August, Crossrail announced that the launch of the Elizabeth line would be delayed until next year due to financial shortages. Crossrail is a subsidiary of Transport for London (TfL).

The loan will be used to complete the final phase of the tunnels, as well as work on safety and reliability testing required for railway systems.